Slide 1: FY22 Results
FY22 Results 29 August 2022 Michael Shirley, Managing Director and CEO Steve Harding, CFO 1
Slide 2: FY22 Highlights
FY22 Highlights Sale of Aqura Transformed Return to Technologies Balance Profitability Sheet $30m Enterprise Value ▪ Paid down longstanding ▪ $21.1m Statutory NPAT to Telstra corporate debt ▪ $0.5m NPAT from ▪ $17.2m net cash at 30 June Continuing operations of Veris Australia Board Simplified Capit
Slide 3: Veris – driving value through spatial data
Veris – driving value through spatial data Subject matter Year-on-year Fully funded Combining national Clear, refined Strong, Positioned for experts in spatial revenue, earnings with strong strength with local and progressing committed and sustained data services and margin core knowledge and strate
Slide 4: FY22 Financial Highlights
FY22 Financial Highlights Sustained revenue growth 35% increase in EBITDA Return to profitability ▪ Group: o Statutory NPAT of $21.1m ▪ Veris Australia: o $0.5m after tax profit from continuing operations o Represents $16.5m improvement since FY20. $17.2m net cash Stronger EBITDA margins Record work
Slide 5: FY22 Results Summary
FY22 Results Summary Growth OVERVIEW Veris Australia Continuing FY22 FY21 FY20 rate FY21 – FY22 reflected continued execution on the turnaround strategy Operations FY22 commenced in FY20 as demonstrated by: Revenue 92.4 77.5 74.8 19.3% ▪ 19.3% growth in revenue in FY22 EBITDA 10.0 7.4 0.8 35.0% o de
Slide 6: Balance Sheet
Balance Sheet TRANSFORMATIONAL YEAR FOR THE VERIS GROUP BALANCE SHEET BALANCE SHEET Jun 22 Jun 21 OVERVIEW ▪ Balance sheet transformed via the Aqura sale Cash 18.2 4.7 ▪ Strengthened financial position provides a platform to leverage efficiencies Debtors & WIP 22.0 19.7 from operating model, for exa
Slide 7: Cash Flow
Cash Flow $m FY22 FY21 OVERVIEW Receipts from customers 112.3 102.3 ▪ Strong cash generated from operations in FY22 despite Receipts from Govt Grants 1.6 6.8 continued costs incurred from COVID impacts, tight labour markets, extreme weather events and an Payments to suppliers & employees (108.6) (10
Slide 8: Driving value through the power of spatial data
Driving value through the power of spatial data National operating platform The national surveying, planning and digital and spatial business provides a platform for growth. Professional services approach To be sustainable, we need a professional services approach, that is differentiated from the co
Slide 9: Our journey from surveying to end-to-end spatial data solutions
Our journey from surveying to end-to-end spatial data solutions = Survey continues to be an We’ve been investing in We’ve developed Our clients are benefiting important part of our leading edge technology to cloud-based 3D and GIS from end-to-end spatial data business perform rapid data capture plat
Slide 10: Digital Twins the major driver for growth
Digital Twins the major driver for growth Digital Twins will be the major driver of growth in 3D spatial data for the next decade Markets and Markets report estimated the global Digital Twin market to grow from USD 6.9 billion in 2022 to USD 73.5 billion by 2027; an anticipated CAGR of 60.6% from 20
Slide 11: Growth in Digital Twins aligned to our service offering and client base
Growth in Digital Twins aligned to our service offering and client base Digital Twins are transforming asset management in Australia and across the globe ▪ Asset managers are beginning to operate their assets virtually to reduce risks, create efficiencies and realise savings ▪ Veris has the technolo
Slide 12: Our strategy in action
Our strategy in action Paradise Gorge Digital Twin, Tasmania ▪ Provided spatial data services and intelligence to inform, assess and protect against the risk of a rockfall. ▪ Captured high-quality 3D data used to create a 3D model. ▪ Connected real-time sensors to monitor the stability of the site w
Slide 13: Delivering on strategic priorities
Delivering on strategic priorities Investment in Strategy Sustainable Profit People Strategic Growth Client Value Delivery › Our people are the heart of › Key Account Management › Investment in leading- › Heightened emphasis › Sustained year-on-year our business. Program established. edge technologi
Slide 14: A diverse portfolio of leading and trusted clients
A diverse portfolio of leading and trusted clients Delivery of professional services across multi-disciplinary sectors 14
Slide 15: Pipeline
Pipeline Confidence in an improving trajectory underpinned by strength in a Pipeline growth growing forward workload and pipeline. Despite the current In addition to our 140 180 190 190 Healthy, unsecured Strong focus on economic uncertainty forward workload, we project pipeline has conversion of du
Slide 16: Outlook - well positioned in key markets
Outlook - well positioned in key markets Property Infrastructure Defence Growth in greenfields The wave of record-level infrastructure Ongoing investment by the residential, urban renewal and spending commitments in response to the Australian Government over the strata developments as market COVID-1
Slide 17: Veris capital management strategy
Veris capital management strategy A strongly positioned, well capitalised, simplified pure-play spatial data services business Our strategy is clear, refined and is progressing, with Sustainable Sustainable core elements of the strategy showing Profit Dividends results We will continue to grow We wi
Slide 18: Summary
Summary FY22 was a transformational year for Veris Completed the Transformed sale of Aqura balance sheet Return to Technologies for $17.2m net profitability $30m cash Board Simplified Capital Strong outlook renewal operating management and order book continued structure strategic focus into FY23 18
Slide 19: Capital structure
Capital structure Corporate Snapshot ASX Code VRS Share Price (26 Aug 2022) $0.074 Shares on Issue 523.7m Market Capitalisation (26 Aug 2022) $38.7m Cash at Bank (30 June 2022) $18.2m Corporate Borrowings (30 June 2022) ($1.0m) Net Cash (30 June 2022) $17.2m 19
Slide 20: Contact us
Contact us Investor and Media Relations enquiries: Steve Harding Phone: (08) 6241 3333 Email: communications@veris.com.au Ben Larsen Phone: +61 439 789 842 Email: benl@nwrcommunications.com.au
Slide 21: Disclaimer
Disclaimer This Document should not be considered as an offer or law, Veris and its officers, employees, related bodies corporate invitation to subscribe for or purchase any securities in Veris and agents (‘Associates’) disclaim all liability, direct, indirect or Limited (“Veris” or the “Company”) o
Slide 22: Veris – a trusted, leader in spatial data services
Appendix Veris – a trusted, leader in spatial data services 22
Slide 23: Who we are and how we deliver solutions to clients
Who we are and how we deliver solutions to clients Veris Australia is a leading provider of spatial data services. ENGINEERING PROPERTY SURVEY SURVEY Civil construction and Land surveying, cadastral and engineering survey consulting solutions for urban solutions for major renewal and greenfield infr
Slide 24: Veris Australia platform
Veris Australia platform 2019/2020 • Establishment of new Leadership Team • Internal efficiency and operational overheads • Financial discipline and project controls 2021/2022 • Key Account focus and growth • Technology and Capability Investment • Built an Employer Brand Identity • Indigenous Partic
Slide 25: Pathway back to growth post COVID
Pathway back to growth post COVID We continue to navigate the impacts of COVID-19 … 580+ Retention and growth of skilled workforce. Continued investment in Workforce capability and capacity. 8.6% growth since Dec 2019. Greater take up of flexible Continued revenue growth. working. $92.4m Revenue 23.